Corporate investment: is the long-term view always best?

Glenn Boyle () and Graeme Guthrie

No 375306, Competition & Regulation Times from New Zealand Institute for the Study of Competition and Regulation

Abstract: Why do firms continue to use investment-decisions criteria that are apparently biased against long-term projects? Is this simply a reflection of ongoing corporate myopia, or does it represent an intuitive response to the underlying costs and benefits of long-term projects? Glenn Boyle and Graeme Guthrie explain how seemingly myopic criteria can in fact approximate optimal decisions.

Date: 2005-09-01
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Persistent link: https://EconPapers.repec.org/RePEc:vuw:vuwcrt:375306

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